August 27th, 2009
Oil exports from Iraq reached the highest level in July 2003, totaling 63 million barrels, according to statements of Assem Jihad, Oil Ministry spokesman, quoted AFP.
Figures made public by Jihad show in July that Iraq exported 63 million barrels to 57 million barrels in June.
As regards the profit from export activity, at the average of oil price of 64.42 dollars per barrel, Baghdad received 4.66 billion dollars. Iraq has prepared the budget for 2009 taking into account an average oil price of 50 dollars per barrel.
The current level of oil exports is comparable to that of 2003, when oil exports were about two million barrels a day, equivalent of 62 million barrels per month. Oil represents 87% of total revenue in Iraq, state that intends to double its exports over the next five years.
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Posted in Finance, Forex, Money, Trade | No Comments »
July 16th, 2009 | No Comments »
The United States and other developed economies would return to growth until the end of this year or no later than early 2010, is opinion Timothy Geithner, U.S. Treasury Secretary.
Geithner has confessed that there are still significant dangers in the world, but the foundation for economic recovery in the U.S. and not only, have already been made, write Times.
Global economy could face with a series... Read More
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June 25th, 2009 | No Comments »
American analyst Harry Dent, who announced in a book released in 2004 that the world will be in a deep depression around 2010, forecast that the global economy will enter a crisis much larger than this one in maximum 2 years.
According to the analyst Harry Dent, an economist who conducted the analysis taking into account demographic trends and the influence curves of birth, the point of maximum crisis... Read More
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June 22nd, 2009 | No Comments »
European closed session without being able to identify a clear direction. According to Reuters, low price of bank shares had tempered appreciation of the action from the defense group.
FTSEurofirst 300 index of major shares of European companies rose by 0.03% to 863.61 points.
The pan-European index is scrambling to 33.8 % over minimum record reached on March 9. However, it decreased by 2.5% during... Read More
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June 15th, 2009 | No Comments »
Exchanges in Europe have climbed for the third week in row, after a wave of optimism about the end of global economic recession, triggered by the publication of reports which estimated that in May American employers have reduced the number of redundancies, and Chinese industry has been growing for the third consecutive months.
The Dow Jones Stoxx 600 on Europe climbed last week with 1.2% to 210.76... Read More
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